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Intangible Assets
9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 5 – INTANGIBLE ASSETS

 

As of September 30, 2019 the Company has the following amounts related to intangible assets:

 

  

Gross

Carrying

Amount

  

Accumulated

Amortization

 
Amortizable of intangible assets        
Customer relationship asset  $1,006,840   $(447,484)
Indefinite lived intangible assets          
Purchased licenses   200,000     
   $1,206,840   $(447,484)

 

For the three months ended September 30, 2019, the Company recognized amortization expense of approximately $162,009.

 

As of December 31, 2018 the Company has the following amounts related to intangible assets:

 

  

Gross

Carrying

Amount

  

Accumulated

Amortization

 
Amortizable intangible assets        
Customer relationship asset  $1,006,840   $(195,775)
Indefinite lived intangible assets          
Purchased licenses   200,000     
   $1,206,840   $(195,775)